Brought to you by:

FM Global to open Singapore loss prevention centre

International insurer FM Global has begun work on an $S80 million ($77.63 million) loss prevention training and operations centre in Singapore.

A groundbreaking ceremony marked the start of construction on the six-storey, 11,610-square-metre facility that will house the FM Global Asia SimZone.

The company says the centre will be the first of its kind on the continent.

“Over the course of FM Global’s 35 years of operating in Asia, we have seen that companies in the region are very interested in increasing their resilience to risk,” President and CEO Thomas Lawson said.

“The new centre will house an array of one-of-a-kind learning facilities to provide experiential loss prevention education, at no cost, to our policyholders, as well as to building designers, contractors, students, educational institutes, insurance brokers and government officials.

“The facility will leverage our nearly two centuries of loss prevention engineering and client experience and expand our insurance and engineering operations in Singapore into full-fledged education.”

Interactive laboratories and learning areas at the centre will allow safe simulation of property risks such as natural hazards, fire, ignitable liquid, construction, electrical hazards and industrial equipment malfunction.